VAT News

Cash flow Alert for Businesses - Slow VAT Return Repayments

06.08.2019

Recent experience from clients is showing that their VAT return repayments due from HMRC are not being repaid on time. In many cases this delay may cause serious cash flow issues for the businesses concerned and so we would urge you to contact Centurion as soon as delays are noticed, as you may be entitled to supplementary interest.

Comments from visiting HMRC inspectors suggest the delays relate to Making Tax Digital implementation issues so it is difficult to say whether these have now been resolved or will continue as the number of businesses submitting their VAT returns under the new rules increases.

If you would like any further information, or if you have any questions on this matter, please contact us on emailus@centurionvat.com

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